Underwriting Manager

Job Description

Job Description

Description:

The Underwriting Manager is responsible for delivering leadership and direction to several teams of Underwriters, Underwriting Team Leads and Quality Control professionals responsible for providing sound decisions on a variety of loan products. The Underwriting Manager provides strategic input and leadership in decision making issues affecting the Company’s underwriting function

Essential Functions Include:

• Develop, document and improve underwriting guidelines to ensure consistent, high quality underwriting in collaboration with Operations, Compliance, and Corporate training.
• Ensure that underwriting turn times and decisions are sound and within the scope of good business practices and company policies.
• Instruct and lead underwriting team in appropriate risk management principles and how to interpret and apply credit guidelines and procedures.
• Identify audit finding issues and underwriting training opportunities.
• Evaluate funding requests and escalated requests by assessing risk across multiple attributes of data and determining appropriate funding limits.
• Ensures administrative and operational compliance with regulatory requirements and upholds Fair Lending Practices as well as credit policies and underwriting procedures.
• Responsible for Credit, Quality Control, Appraisal Management and Risk Analysis.·
• Review and assess compliance and quality outcomes identified in the various stages of underwriting reviews and develop action plans to correct deficiencies.
• Implement regulatory, Agency, Investor and mortgage insurer guideline changes.
• Make recommendations to management regarding additional credit enhancements needed to make deals more acceptable.
• Manage credit risk in a manner consistent with the loan quality targets established.
• Provide leadership, guidance and underwriting support.
• May perform other duties and projects as assigned.

• Excellent project management and strong attention to detail with the ability to prioritize, manage multiple projects and meet deadlines efficiently.
• Sound judgment and decision-making ability.
• Excellent verbal and written communication skills.
• Exhibits a professional manner in dealing with others and works to maintain constructive working relationships.
• Ten years of in-depth knowledge and experience in conventional mortgage loan underwriting.
• Minimum of three years managing an underwriting team.
• Thorough knowledge of Fannie, Freddie, FHA, VA, USDA, and private investor underwriting guidelines and procedures.
• Knowledge of Conventional and Government automated and manual underwriting guidelines and standards.
• Must have experience using a mortgage-based system to assist in underwriting loans. Experience with Ellie Mae Encompass, preferred.
• Must have working knowledge of and experience with Microsoft Office (Outlook, Word, PowerPoint and Excel).
• College degree preferred.
• Valid FHA DE/CHUMS ID, SAR, LAPP and VA Automatic underwriting and appraisal authority preferred.
• Proficiency with DU (Desktop Underwriter), LP (Loan Prospector), Total Scorecard and GUS, preferred.